Last night, our team visited Malta Gaming Awards — one of the biggest rating events in the industry. Earlier this month, along with GanaEight Coin and BX, TruePlay.io was shortlisted to Top 3 Best ICO of the year 2018. Yesterday, hosted by magnificent Director of Lyceum Media Jodie Thind and Director of Risk Jon Thompson, it was announced that Best ICO award goes to TruePlay.

We are happy to have successfully implemented ENS support for Rouleth :)!

Send
some ether ( > 0.01eth) to Rouleth.eth with 180k gas to bet on red.
The smart contract will automatically answer with your payout in a few
blocks.

For a better UX connect to Winsome.io, you’ll have a 3D roulette wheel there and provable fairness reports!

Winsome.io
provides Research and Ethereum Proof of Concept Games. Do not play if
you are under 21. Do not play if the game is not allowed in your
jurisdiction. Winsome does not intend to enable you to contravene
applicable law. You represent, warrant and agree to ensure that your use
of our services will comply with all applicable laws, statutes and
regulations. Winsome.io is not responsible for any illegal or
unauthorized use of our services by you.

The
last few months the crypto-currency ecosystem is boiling. Market is
congested with cardboard startups, that provide exchanges with empty and
useless tokens. In combination with regulators actions and big players
manipulations it leads to extreme instability.

There
could be dozens of reasons why the crypto-startup is unreliable. No WP
or code examples, absurd ideas or just a way to collect money for some
non-blockchain field. But in this article, we wanted to focus your
attention on such thing as the lack of token functionality.

Crypto-bubble

Token
systems are meant to be powerful autonomous and sustainable economies,
where tokens are purely functional. For example GNT is a token that’s
designed to power a p2p market for computing power. But since we’re
living through a Cambrian explosion, the majority of the tokens that are
getting issued at the moment has no functionality at all.

Сurrent
situation threatens primarily inexperienced investors. Professional
players are able to quickly make money on the exchange rate
rollercoaster, but the most of the crowd can lose by supporting trashy
projects with shiny marketing wrapping.

Even
a darker side of that regulators would be willing to throw the baby out
with the bathwater and just make it more difficult for projects to
launch new legitimate functional tokens or to enter token sales. To make
sure that tokens will be recognised as a new asset class every project
launching tokens now should care about their token functionality.

“Unfortunately,
most regulators have not yet come to grips with the reality that tokens
are bound to be recognized as a new asset class with its own set of
updated regulation. Instead, many regulators are quick to apply existing
compliance practices that treat tokens as a security, therefore
elevating the barriers and costs of implementation for entrepreneurs.”

William Mougayar, Venture investor & Advisor

Sooner
or later crypto-bubble can blow up the whole market, just like it
happened with dotcoms in the middle of 90-s. Among the surviving dotcoms
were the company, without which it is impossible to imagine the modern
Internet — eBay and Amazon. The functionality of their services allowed
them to withstand the storm. Same now — only functional tokens have a
chance to survive possible collapse.

A VC and a market researcher Nick Tomaino wrote a good blogpost on token value we recommend this especially to those new to the crypto space.

“The
key objective of a DAO is value creation or production, and to make
that happen, there needs to be a specific linkage between user actions
and the resulting effects of those actions on the overall value to the
organization.”

William Mougayar, Venture investor & Advisor

We
like quoting him, because he did a lot of homework on token economy.
William was also running a panel at Ethereum conference in Paris when we
first presented our project and while our token model was still being finalised.

As we announced it
before token sale started, DAO.Casino’s goal is to create an ecosystem
for all parties of gambling industry. BET (DAO.Casino token) would power
this system, regulate relations between parties and act like an in-game
currency for the games that use the protocol. A lot of people who
backed our project backed it because the business model of the
infrastructure that we’re building made sense to them.

In
the coming months, we will devote much time and effort to research,
development and building strong partnerships with potential customers.
This includes testing the functionality hypotheses of our token, working
on simplicity of integrating our protocol into the projects of our
partners, who don’t have the whole inhouse blockchain department and much more.

We
will always focus on technology, because we do not want DAO.Casino to
be a one-day project. Our goal is a large-scale and long-term growth for
years to come. We seriously want to create a new market and we will be
happy to have you in allies. If you have an idea or an offer — send us a
word right now!